NetEase (NASDAQ:NTES) Stock Rating Lowered by StockNews.com

NetEase (NASDAQ:NTESGet Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

NetEase Price Performance

NTES stock opened at $105.50 on Monday. The business has a fifty day moving average price of $102.89 and a 200 day moving average price of $103.50. NetEase has a fifty-two week low of $80.79 and a fifty-two week high of $118.89. The stock has a market capitalization of $68.02 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 0.93 and a beta of 0.59.

Institutional Trading of NetEase

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA raised its position in shares of NetEase by 418.9% during the fourth quarter. Private Trust Co. NA now owns 275 shares of the technology company’s stock worth $26,000 after acquiring an additional 222 shares during the last quarter. Chilton Capital Management LLC bought a new stake in NetEase during the 4th quarter worth about $37,000. USA Financial Formulas lifted its position in NetEase by 1,153.1% during the 4th quarter. USA Financial Formulas now owns 401 shares of the technology company’s stock valued at $37,000 after purchasing an additional 369 shares during the period. Pinpoint Asset Management Ltd bought a new position in shares of NetEase in the 1st quarter valued at about $42,000. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of NetEase during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 11.78% of the company’s stock.

NetEase Company Profile

(Get Free Report)

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

See Also

Analyst Recommendations for NetEase (NASDAQ:NTES)

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